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Plasma plans to use the $24 million funding to support its testnet and mainnet launches, along with its expansion into remittances, payments, and decentralized finance (DeFi) applications

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The fundraising round was led by Framework Ventures and will support Plasma’s testnet and mainnet launches, as well as its expansion into remittances, payments and DeFi applications, the team said.
Faecks said the money raised in this round will be used to launch the Plasma blockchain early in the second quarter of this year.

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